Previously in the year Cummins forecast it would grow top line
results by as much as 10 percent above the year earlier figures.
In 2011, Cummins reported total sales of $18.05 billion.

“We have seen demand in some markets weaken recently as
growth in the global economy has slowed,” Cummins CEO Tom
Linebarger said. “Order trends in the U.S. for trucks and power
generation equipment have softened and demand in Brazil, China
and India is not improving as we had previously expected.”

At the same time Cummins' board of directors has authorized
an increase in its dividend, to $0.50 per share from
$0.40.